The latest news from the Real Estate Board of Vancouver, B.C. May 2, 2007.

"So far, the constants our market has experienced over the past five years are holding strong in 2007. We're still in one of the best markets real estate has ever had in Greater Vancouver. Sales are higher than historical norms and homes are selling very quickly, usually with multiple-offers."

"Last month, the average days a property spent on market dropped again, down to 39 days, compared to 43 days in March, 49 days in February, and 56 days in January."

"There were a couple of surprises in April's market, particularly in attached housing sales throughout Greater Vancouver. Consumers buying townhomes in Richmond and Burnaby are clearly finding great value for their dol- lar as sales activity in those two cities came within a few units of breaking records"

Latest update on the long-term housing prices graph from 1977 until now:



To check more information about the latest developments on Vancouver real estate and download the whole news package, visit my site.

British Columbia does have some legislation, not to mention a land title system, that makes it unique and a little bit different than other Canadian provinces. The following links lead to a Squidoo lenses with summaries of some of those laws:

• Law and Equity Act
  
• Land Title Act
  
• Property Law Act
  

For more general information about BC real estate laws, refer to this lens:
British Columbia Real Estate Laws

"Vancouver, British Columbia, is the one of the best destinations in North America to live, work and play. Where else can you find numerous sandy beaches outlining a 1,000-acre park in its downtown core? Where can you ski in the morning and windsurf in the afternoon? Strap on your rollerblades for a tour of the seawall; afterwards, wind down with a hazelnut latte in your hands. Although fitness and recreation are vital to the lifestyle of Vancouverites, the city is also North America's centre of commerce for the Pacific Rim. Its well-established cultural and economic ties to Asia have translated into record trade volumes.

Even at its rapid rate of growth, Vancouver is a remarkably safe and pleasant city to live. In fact, its downtown core is becoming a dynamic housing market. Since convenience and time management are so essential in our busy lives, the urban lifestyle is fast becoming a necessity for those who work in downtown Vancouver. The ideal vision is to have a safe, urban environment close to amenities like parks and beaches. Vancouver is that vision. "

- concordpacific.com